A customised jewellery was sold at L 1000 with 90 discount on the lsquo making charges rsquo 11...........

Quantitative Aptitiude (CLAT) Profit and loss

A customised jewellery was sold at L 1000 with 90% discount on the ‘making charges’. 11′ the payment made for making charges was Z 100, what is the approx. rate of discount on the product?

Explanation:

After discount of 90% the making charges was Rs 100
i.e.original making charge is Rs 1000.
This means the discount was Rs 900 and original cost was Rs 1000 + Rs 900 = Rs 1900.
Now, discount on total cost = (900/1900)× 100 = 47.3%.